Question 1 - Public University Ponton University is a public university and its most recent trail balance is given below GHC"000 GHC'000 Tuition fees 600,200 Consultancy revenue 400,000 Other revenues 210,000 Salaries 380,000 Casual labour 40,000 Administration expenses 75,000 General expenses 30,000 Training and seminar 10,500 Finance cost 12,000 Travel and transport 18,000 Other expenses 17,600 Premises 950,000 55,000 Motor vehicle 120,000 20,000 Fumiture and fixtures 100,000 22,000 Equipment 80,000 20,000 Receivable 10,200 Bank and accounts 5,000 Sundry creditors 140,000 Bank Loans 125,000 Accumulated Fund 51,100 GoG subvention 280,000 Book and research allowance 40,000 Education materials 35,000 1.923,300 1.923.300 Additional Information: Education materials worth GHc6,000,000 remained unused during the year 2019. The cost of replacement of the material stood at GHc6,200,000. Depreciation is charged on all assets as follows: premises -20 years, motor vehicle-5 years; Furniture and fixtures- 4 years and equipment- 4 years. 111) During the year, tuition fees amounting GHc80,000,000 was due to students and scholarship funds. Required: Prepare Statement of Financial Performance for the year ended 31 December 2019 and Statement of Financial Position as at that date. Show all workings